Why The Gulf States Need To Keep Building Big Dumb Mega Projects | Economics Explained

The video explores the ambitious mega projects in the Gulf region, particularly in Saudi Arabia, UAE, and Qatar, as part of their economic diversification strategy. It discusses the economic motivations behind these projects, such as reducing dependency on oil and attracting tourism and business. The concept of Dutch disease is explained, highlighting the challenges of resource-rich economies. Norway's successful management of oil wealth is presented as a case study. The video concludes with an analysis of the Gulf states' strategies and their economic rankings.

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